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LINKTV
Aug 26, 2013 2:30pm PDT
this technology and that's the way we started. iverson rebuilt nucor as a steel minimill, using europe's latest technology. a minimill is defined as first of all we're starting from scrap. we don't start from ore. secondly, we melt it in electric furnaces. then we cast it to come out with a billet that is rolled into the rounds, the channels the smooth bars, that we supply to customers. it's really much more economical than ingot casting. technology had helped nucor lower costs. but what about the cost of labor? the lower prices of foreign steelmakers were based on lower wages. could nucor make low-priced steel with highly-paid american workers? it's not what you pay an employee that's important. it's what he produces. if he produces a great deal you can pay him a great deal. the average hourly worker in darlington, south carolina, in our steel mill had earnings last year of over $30,000 a year. we had melters who earned over $35,000, which compares reasonably with what unionized workers in the integrated mills earned last year. now, if you look at what we produce, though, that we produced last
LINKTV
Aug 26, 2013 2:00pm PDT
civilian goods. we did even better than that. because we developed new technologies of production and everybody was working overtime, we managed to shift the curve outward. this enabled us to increase both military and civilian production. economics is fundamentally concerned with scarcity, limits. but we don't always produce to our limits. those limits can and do change over time. when i first went there, they fanned the frames out with a cardboard fan. we had to stay there. they'd say, "don't let that lint get in that yarn." they didn't care about it going in our lungs. when i left, the company never asked what was wrong with me. gertrude brown has byssinosis, more commonly known as brown-lung disease. 20% of her fellow textile workers, perhaps as many as 150,000 americans, suffer from the ailment. the disease is caused by inhaling cotton dust and fiber, that are by-products of textile manufacturing. growing public awareness of brown-lung disease was a prime force behind the passage of the occupational safety and health act in 1970. as competition increased and profits shrank, b
LINKTV
Aug 22, 2013 5:30am PDT
value. electronics, automobiles, high technology products. mexicand by productivity, asian companies are settling in mexico. a taiwanese company chose this city to build its largest factory. >> ecuador and bolivia would also be cheaper, but in terms of taxes, would i find those conditions as good there as here? that is the first question. the second is, how far am i from my target market? treaties signed trade with countries all over the world, encouraging entrepreneurs despite the security and corruption problems that hamper the country's potential. >> he was one of america's best- known crime writers, and one month after suffering a stroke, elmore leonard died at his home in detroit tuesday. amongst his 45 gritty novels were bestsellers that inspired films such as "shorty" and "jackie brown." william hildebrand takes a look back at his life. had a ritual.ard first, write by hand, then on a typewriter. of america's most foremost crime writers and said he would never quit his passion of telling stories. >> there is no reason to. this is the most enjoyable thing i do. i have been doin
LINKTV
Aug 25, 2013 2:30pm PDT
of news technology. >> formula one and sebastian -- prix to belgian grand remind fans why he remains the overwhelming favorite. previously in hungary last month. but things did not turn out that way. >> the look of a winner. it is looking like the red bull pilot will secure his fourth win. he outmaneuver the competition in the first curve and overtook lewis hamilton with ease. as the race wore on, he expanded his lead. his team commanded him to slow down and not take unnecessary chances. crossed the finish line 17 seconds ahead of alonzo. the ferrari driver put on a fine performance. alonzo also overtook hamilton, who said they could not defend his pole position start. the mercedes driver took third place. hamilton did over take -- one in the driver standings. so sebastian celebrated a picture-perfect race. his 31st grand prix victory. >> to soccer. there is plenty of action to bring you from the buddhist -- bundeslig. second-half goals secured victory for the visitors. a newcomer is still without a point in the campaign. the same goes for student art -- stuttgart. on saturday, reign
LINKTV
Aug 27, 2013 5:30am PDT
of all the options are very, very limited so it really comes down to the technological advance that is countries like frankly the u.s. and possibly france and the u.k. have. but primarily the u.s. they would do it by using probably most probably ship-launched tomahawk cruise missiles with a range of about a thousand kilometers launched from the eastern mediterranean to pin point targets wnt the territory. but that sounds very simple but in fact it would be incredibly difficult to go to make sure that the strikes are precise and actually on target. and actually hit what is required to be hit, which is possibly the chemical weapons sites or whatever. and secondly, to make sure that there's no clatral damage alongside of it. >> now as you mentioned the u.k. might get involved, too, and the prime minister's spokesperson said britain may have a strategic need to act quickly. how soon might the strike happen? is it possible to organize such an intervention quickly? >> you have to realize that the forces required to do this are already in
Search Results 0 to 4 of about 5